Kazakhstan to offer tax breaks for large foreign investors.

By bne IntelliNews October 5, 2011
Kazakhstan intends to introduce tax breaks and subsidies for major foreign investors, the industry minister Aset Isekeshev has announced. According to him, the privileges would be most likely offered to foreign investment projects topping USD 500mn with high added value. The privileges will include canceling taxes such as corporate income tax, property and land tax, and the government will provide guaranteed state order and a series of industrial subsidies, the minister said. He also proposed giving up fixed tax rates for investors who pursue non-energy projects in Kazakhstan.

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